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Mar 18, 2025

Trade ideas

GBPNZD: Small Decline

GBPNZD, Daily

GBPNZDDaily.png

In the Daily timeframe, GBPNZD formed an ascending channel and bounced off the upper trendline. The trend line is quite strong and the fall is confirmed by MACD.

  • We consider selling GBPNZD on a fall below 2.2290 with the target of falling to 2.2120;

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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